There is a great big monetary bill to be paid, not just in the USA, but world wide.
The USA bill will be several times the $3.5 Trillion in additional government borrowing, above the pre-coronavirus expected $1 Trillion for the 2020 fiscal year budget deficit.
When the Treasury goes out to sell $4.5 Trillion in bonds, what will investors ask for in interest rates?
Will the Federal Reserve Bank be the majority buyer of these bonds using instantly created electronic money?
In mainland China, what will everyday Chinese, and rank and file soldiers in the PLA, think of their leadership?
Before the coronavirus, there was strong evidence that the typical Chinese citizen thought their communist party leaders were financially corrupt.